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High Court of Karnataka Allows Appeal in Income Tax Case — Assessee Engaged in Manufacture of Air-Conditioning Systems Entitled to Section 80IA Deduction. The process of designing, manufacturing ducting, and installing air-conditioning systems constitutes manufacture under the Income Tax Act, 1961.

The appeal was filed by M/s Koolnest Pvt. Ltd., the assessee, challenging the order of the Income Tax Appellate Tribunal (ITAT) which held that the as...

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High Court of Karnataka Allows Writ Petitions Challenging Third Delegation of Voting Rights in Cooperative Society Elections; Aggregation of Delegations Under Different Cooperative Enactments Held to Trigger Bar Under Section 21 of Karnataka Co-operative Societies Act, 1959.

These three writ petitions, filed under Articles 226 and 227 of the Constitution, were heard together by the Karnataka High Court, Dharwad Bench. The ...

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High Court of Karnataka Quashes Bank Attachment Notice in Income Tax Recovery Matter — Non-Consideration of Stay Application Violates Principles of Natural Justice. Revenue directed to pass speaking order on stay application after furnishing assessment order sheet.

The petitioner, an income tax assessee, filed writ petitions under Articles 226 and 227 of the Constitution of India challenging the bank attachment n...

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Supreme Court Upholds Revenue in Income Tax Act Limitation Dispute Over Block Assessment. Limitation period for block assessment under Section 158BE commences from date of last Panchnama drawn, not date of last authorization, as per Explanation 2 to Section 158BE of Income Tax Act, 1961.

The dispute arose from block assessment orders passed under the Income Tax Act, 1961, following search operations. The assessees challenged the assess...

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Bombay High Court Dismisses Revenue's Appeal in Income Tax Case — Debenture Redemption Reserve Not a Reserve Under Section 115JA of Income Tax Act, 1961. Capital Expenditure on Steel Division Treated as Revenue Expenditure as It Was Incurred for Business Purposes.

The appeal by the Revenue under Section 260A of the Income Tax Act, 1961 challenged the order of the Income Tax Appellate Tribunal (ITAT) dated 13 Feb...

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Bombay High Court Upholds Tribunal's Decision on Competency of Income Tax Officer to Assess Under Estate Duty Act. Assessment by Income Tax Officer, Trust-cum-Estate Duty Circle Held Non-Est for Lack of Proper Appointment.

The case pertains to a reference under Section 64(1) of the Estate Duty Act, 1953, made by the Collector of Estate Duty, Nagpur, against the order of ...

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Madras High Court Allows Writ Petitions Seeking Compliance with BIFR Rehabilitation Scheme and Quashes Pre-deposit Order in Customs Dispute. Merger of Sick Company with Petitioner Under SICA Extinguishes Pre-deposit Liability, and Revenue Authorities Are Bound by the BIFR Scheme.

The petitioner, SMS Lifesciences India Limited, filed two writ petitions. The first sought a writ of mandamus directing respondents 1 to 3 (Director G...